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FLGC

Flora Growth NasdaqCM:FLGC Stock Report

Last Price

US$0.73

Market Cap

US$56.2m

7D

-0.2%

1Y

-86.2%

Updated

04 Oct, 2022

Data

Company Financials +
FLGC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health3/6
Dividends0/6

FLGC Stock Overview

Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products to pharmacies, medical clinics, and cosmetic companies worldwide.

Flora Growth Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Flora Growth
Historical stock prices
Current Share PriceUS$0.73
52 Week HighUS$6.29
52 Week LowUS$0.59
Beta0
1 Month Change-7.98%
3 Month Change9.79%
1 Year Change-86.23%
3 Year Changen/a
5 Year Changen/a
Change since IPO-84.76%

Recent News & Updates

Sep 07

Flora Growth gains on deal to acquire No Cap Hemp assets

Flora Growth (NASDAQ:FLGC) shares popped 5% pre-market on Wednesday after the medicinal cannabis firm announced that subsidiary Just Brands acquired substantially all of the assets of No Cap Hemp. No Cap Hemp is an emerging brand in the hemp flower market. Its assets were acquired without payment of any consideration at closing. Instead, Flora (FLGC) will pay to the sellers, 10% of the gross revenue received from the sale of No Cap products up to a maximum of $2M. The acquired assets are expected to add ~75 SKUs to Flora's product portfolio as well as the "No Cap" and "Moonblunt" trademarks. The acquisition will diversify Flora's (FLGC) brand portfolio and product offerings, expand its distribution foothold in the U.S. market and offer an immediate revenue stream. Luis Merchan, Chairman and CEO of Flora Growth, said, "This transaction will allow Flora to immediately benefit from a profitable, cash flow positive and growing business. We look forward to increasing our product offering through this transaction while broadening our sales team in the process."

Shareholder Returns

FLGCUS Personal ProductsUS Market
7D-0.2%-4.9%1.0%
1Y-86.2%-31.9%-20.0%

Return vs Industry: FLGC underperformed the US Personal Products industry which returned -31.9% over the past year.

Return vs Market: FLGC underperformed the US Market which returned -20% over the past year.

Price Volatility

Is FLGC's price volatile compared to industry and market?
FLGC volatility
FLGC Average Weekly Movement15.7%
Personal Products Industry Average Movement9.5%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: FLGC is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: FLGC's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2019277Luis Merchanhttps://www.floragrowth.com

Flora Growth Corp., together with its subsidiaries, engages in the growth, cultivation, and development of medicinal cannabis and medicinal cannabis derivative products to pharmacies, medical clinics, and cosmetic companies worldwide. It cultivates, processes, and supplies medicinal-grade cannabis oil, and cannabis derived medical and wellness products; offers skincare and beauty products; develops plant-based and medical-grade pharmaceuticals, phytotherapeutics, and dietary supplements; and designs and markets loungewear made from hemp-derived fabric and materials. The company also manufactures, distributes, and retails cannabidiol (CBD) derived products, such as gummies, topicals, tinctures, and vape products; lifestyle wellness products, including edibles, bath and body, pets, sports recovery, etc.; provides cannabis consumption accessories, personal storage, and travel accessories for vape and dry herb categories; and offers juices, exotic fruits coated with chocolate, and chocolate bars, as well as dried fruits, beans, and pulp from Amazonian fruits in supermarkets, discount retailers, coffee shops, restaurants, and airports.

Flora Growth Corp. Fundamentals Summary

How do Flora Growth's earnings and revenue compare to its market cap?
FLGC fundamental statistics
Market CapUS$56.17m
Earnings (TTM)-US$48.76m
Revenue (TTM)US$21.78m

2.6x

P/S Ratio

-1.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLGC income statement (TTM)
RevenueUS$21.78m
Cost of RevenueUS$13.82m
Gross ProfitUS$7.96m
Other ExpensesUS$56.72m
Earnings-US$48.76m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.63
Gross Margin36.54%
Net Profit Margin-223.90%
Debt/Equity Ratio0.2%

How did FLGC perform over the long term?

See historical performance and comparison